The shares of SKS Microfinance fell more than 9 per cent to touch its all time low this morning in early trade after it posted its highest quarterly loss for October-December 2011.

The shares of the company opened in red and fell 9.13 per cent to touch its lowest ever level of Rs 85 on the Bombay Stock Exchange (BSE). After the weak results, investors sold company’s shares on the National Stock Exchange (NSE) too. Its shares fell 8.77 per cent to a record low of Rs 85.30 on the NSE.

SKS Microfinance reported a net loss of Rs 427 crore for the period October-December 2011. In the October-December quarter of 2010-11, the company reported a net profit of Rs 34 crore.

The company has been posting losses for the past four quarters consecutively. The Foreign institutional investors (FIIs) have reduced their stake in the company to 14.72 per cent at the end of December quarter. The international investors held 19.02 per cent stake in the company at the end of September quarter.

A total of 197,000 shares were traded on opening deals on both the exchanges.